HC Deb 07 February 1989 vol 146 cc622-3W
Mr. Tony Banks

To ask the Chancellor of the Duchy of Lancaster which Organisation for Economic Co-operation and Development member countries have shown a greater increase in industrial investment since 1979 than the United Kingdom

Mr. Atkins

Comparable statistics for industrial investment are available only up to 1986 and do not cover all Organisation for Economic Co-operation and Development countries. Of the countries for which comparisons are available, the following have shown a greater increase between 1979 and 1986 than the United Kingdom:

  • United States of America
  • Denmark
  • 623
  • Finland
  • Iceland
  • Netherlands
  • Norway
  • Sweden

However, United Kingdom industrial investment in 1986 may have been adversely affected by the phasing out of some capital allowances. Since 1986 industrial investment has increased substantially and the latest Department of Trade and Industry's investment intentions survey indicated that this strong growth will continue in 1989 and 1990.

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